UK Energy Price Cap Seen Surging 13% in Biggest Gain Since 2023

The UK’s cap on household energy bills is set to jump 13% this summer as the war in Iran drives up wholesale gas and power costs, adding to broader inflationary...

By Eamon Farhat, Irina Anghel · Bloomberg Markets

The UK’s cap on household energy bills is set to jump 13% this summer as the war in Iran drives up wholesale gas and power costs, adding to broader inflationary pressures weighing on the economy.